Correspondence with Members — Secretarial Practice STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeCorrespondence with Members4 Marks
Question
Write a note on Payment of dividend.
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Answer
The dividend is the portion of the company’s profits that is distributed among the shareholders of the company.
The dividend is paid through the Dividend Warrants or through Electronic Mode i.e. ECS, NEFT, etc. to the registered shareholders.
The rate of dividend is recommended by the Board of Directors.
It is declared and approved by shareholders in the Annual General Meeting.
The dividend is to be paid to the shareholders within 30 days from the date of declaration.
The letter related to the payment of the dividend is sent to the concerned shareholders. The letter contains detailed information regarding the payment of dividends.
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